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April 29th, 2016 
Awake Goy
Susanne Posel ,Chief Editor Occupy Corporatism | Media Spokesperson, HEALTH MAX Brands
The Financial Information Authority (FIA) for the Vatican has revealed a spike in suspicious transactions conducted at the Vatican’s bank.
In 2015 there were 544 report, which is an increase of 147 over 2014; which not at all directly correlated with the use of the Vatican as a tax haven. In fact, FIA explained that the increase in reports is due to “a number of different factors” and not because of “illicit activities”.
This marked the freezing or halting of $2.4 million in US currency and €15.3 million in Euros because of the possibility of fraud, tax avoidance, tax evasion, and “more serious financial crimes … such as market disruption in foreign states.”
2 years ago, Pope Francis told the media that has replaced FIA, the watchdog group that was managing the Vatican’s fiancés and overseeing issues such as money laundering.
The new group the Pope complied is made up of members of the international community; including Juan C. Zarate, a visiting lecturer at Harvard Law School and a senior advisor to the university’s Center for Strategic and International Studies (CSIS) as well as a former National Security advisor involved in counter-terrorism strategies for the George W. Bush administration.
Installed as part of the new team, the Pope chose a new Secretariat of the Economy (SE) to ensure “fiscal transparency and discipline on all Vatican departments.”
Four years ago, Pope Benedict formed the newly dismantled FIA in an effort “to bring the Vatican into compliance with international standards in the fight against money laundering and the financing of terrorism.”
The new directors of the FIA include:
• Joseph Yuvaraj Pillay, an airline executive who’s also served in Singapore’s finance ministry and as director of its monetary authority
• Marc Odendall, a former official with both J.P Morgan and Merrill Lynch who today acts as a consulter for non-profit organizations
• Maria Bianca Farina, an Italian insurance executive who’s also a member of a federation of Italian banks and a member of the board of “Save the Children”
In 2012, it was reported that the Vatican, in an effort to launder money, made suspicious transfers of euros “via JP Morgan” that was caught by Italian financial regulators.
Back two more years, the Vatican bank was involved in the movement of cash “via Credito Artigiano” that totaled €23 million into multiple accounts with that Italian bank.
As part of the scheme, €20 million was moved to the JP Morgan account at the Vatican, located in Germany “while the remaining €3 million was destined for an account at another bank in Rome.”
In response to this scandal, JP Morgan closed their account at the Vatican “because of concerns about a lack of transparency at the Holy See’s financial institution.”
Last year the Institute for Religious Works (IOR), stated there has been a spike in profits for the Vatican. Profits for the leaders of the Catholic world had risen by €69.3 million since 2014.
The IOR attributed this increase in funding due to “stabler gold prices [and] more profitable trades in government bonds.”
Of course the IOR said they were “donating” €55 million in profits to the Holy See at the Vatican and putting the other €14.3 million into an “earnings reserve”.
In fact, the vastness of the Vatican’s wealth is that it can find hundreds of millions in euros simply “tucked away” off its central balance sheet.
While managing general Catholic funds, the IOR also oversees investments totally more $8 billion. And perhaps not shocking, the US is the biggest donor to the church.
In just 2011, the cost of running their charges of conversion , the Catholic Church spent $326.5 million for various global missions and operations.
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